TRENDING:

XAU/USD

Silver

USD/CAD Intraday: the bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

USD/CHF

Bullish bias above 0.9805.

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Pivot (invalidation): 0.9805

Our preference
Long positions above 0.9805 with targets at 0.9840 & 0.9855 in extension.

Alternative scenario
Below 0.9805 look for further downside with 0.9790 & 0.9775 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/CAD

The bias remains bullish.

Pivot (invalidation): 1.3135

Our preference
Long positions above 1.3135 with targets at 1.3170 & 1.3180 in extension.

Alternative scenario
Below 1.3135 look for further downside with 1.3120 & 1.3100 as targets.

Comment
The RSI is above its neutrality area at 50%.

AUD/USD

The upside prevails.

Pivot (invalidation): 0.6890

Our preference
Long positions above 0.6890 with targets at 0.6915 & 0.6925 in extension.

Alternative scenario
Below 0.6890 look for further downside with 0.6880 & 0.6870 as targets.

Comment
The RSI calls for a new upleg.

USD/TRY

Bullish bias above 5.9250.

Pivot (invalidation): 5.9250

Our preference
Long positions above 5.9250 with targets at 5.9550 & 5.9700 in extension.

Alternative scenario
Below 5.9250 look for further downside with 5.9100 & 5.8950 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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